KrisD15
Expert Alumni

Get your taxes done using TurboTax

Yes, you can file just Form 5329.

It cannot be electronical filed. 

TurboTax will require you file a 1040 as well, and will require an upgrade from TurboTax free.

You could print the form and prepare it by hand, in which case you would mail just that form to the IRS. 

 

According to the IRS:

 

"If you don’t have to file a 2020 income tax return, complete and file Form 5329 by itself at the time and place you would be required to file Form 1040, 1040-SR, or 1040-NR. If you file Form 5329 by itself, then it can’t be filed electronically. Be sure to include your address on page 1 of the form and your signature and the date on page 2 of the form. Enclose, but don’t attach, a check or money order payable to "United States Treasury" for any taxes due. Write your social security number and "2020 Form 5329" on the check. For information on other payment options, including credit or debit card payments, see the Instructions for Forms 1040 and 1040-SR or the Instructions for Form 1040-NR, or go to IRS.gov."

IRS Info on Form 5329

FORM 5329

 

You might also try IRS FreeFile if that would be easier and not require an up-charge. 

 

IRS FreeFile

 

Remember that you still have time to withdraw those contributions to avoid the penalty tax  

AND you NEED to withdraw the contributions eventually since you will be penalized every year going forward until you finally remove the funds. 

 

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